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Tunisia: Carthage Cement improves turnover by 5% to 250 million dinars in 2019

Carthage Cement closed the year 2019 with a total turnover up 5% from 238.2 million dinars in 2018 to 249.6 at the end of last December.

The local turnover shows an increase of 33%, rising from 149.9 million dinars to 199.7 million dinars between 2018 and 2019.

An upturn in cement exports was also recorded from the third quarter onwards generating a turnover of 2.3 million dinars.

Clinker production reached 1.5 million tons as of December 31, 2019, i.e. a 6% increase compared to the same period in 2018 (1.42 million tons).

As for cement, annual production grew 17% to 1.478 million tons compared to 1.263 million tons a year earlier.

This increase is explained by higher sales on both the local and export markets, which enabled the company to maintain its leading position on the market with a share of 19%.

The production of aggregates saw a decline of 7% compared to the previous year and the turnover fell by 18% to 21.5 million dinars as a result of the delay in the execution of several public contracts.

As for the company’s overall debt, it amounted to 540 million dinars on December 31, 2019, up 4% compared to its 2018 level.

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